SBP raises Rs344.935bn through PIB-PFL auction

MG News | February 06, 2024 at 11:14 PM GMT+05:00
February 06, 2024 (MLN): The State Bank of Pakistan (SBP) conducted an auction on Tuesday in which it sold Pakistan Investment Bond – Floating Rate (PIB-PFL) semiannual and quarterly worth Rs344.935 billion for 2, 3, 5 and 10 years against a target of Rs280bn.
SBP received bids worth Rs437.5bn for PIB-PFL semiannual and Rs3.842bn for PIB-PFL quarterly. Out of these, the central bank accepted Rs344.935bn for the semiannual floaters, while none were accepted for the quarterly PIB.
The amount raised through PIB-PFL semiannual comes from the sale of 5-year and 10-year semiannual PIBs worth Rs125.135 and Rs219.8bn, respectively.
The total sum raised through 5-year and 10-year semiannual bonds represents Rs340bn raised by SBP through competitive bids and Rs4.935bn raised through non-competitive bids.
The cut-off price for the 5-year PIB-PFL semiannual stood at Rs95.8598, while for the 10-year one, it stood at Rs94.0868.
The settlement date for the successful bids is February 07, 2024.
To note, the target for the PIB-PFL semiannual was to raise Rs120bn through the sale of 5-year and 10-year PIB, Rs60bn each.
In the case of PIB-PFL quarterly, it was to raise Rs160bn with the sale of 2-year and 3-year PIB-FRF, Rs80bn each.
In the last auction held on January 24, the central bank sold PIBs-PFL worth Rs293.68bn for 2, 3, 5 and 10 years against a target of Rs280bn.
The cut of price stood at Rs 98.1357, Rs 96.5915 and Rs 94.8122 for the 3-year PIB-PFL quarterly, 5-year and 10-year PIB-PFL semiannual respectively.
When compared with today's cut-off price, it becomes evident that yields have increased, resulting in a slight decrease in the cut-off price.
Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 139,207.29 190.96M | 0.37% 514.62 |
ALLSHR | 86,176.93 633.30M | 0.45% 382.41 |
KSE30 | 42,602.85 57.43M | 0.44% 187.98 |
KMI30 | 196,319.50 101.82M | 0.67% 1305.65 |
KMIALLSHR | 56,861.96 298.63M | 0.47% 267.27 |
BKTi | 38,060.31 12.30M | 0.37% 140.31 |
OGTi | 27,803.49 5.74M | 0.12% 34.24 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 118,295.00 | 119,880.00 115,675.00 | -1815.00 -1.51% |
BRENT CRUDE | 68.39 | 69.86 68.31 | -0.79 -1.14% |
RICHARDS BAY COAL MONTHLY | 96.50 | 0.00 0.00 | 2.20 2.33% |
ROTTERDAM COAL MONTHLY | 104.50 | 104.50 104.50 | -0.30 -0.29% |
USD RBD PALM OLEIN | 998.50 | 998.50 998.50 | 0.00 0.00% |
CRUDE OIL - WTI | 65.07 | 66.74 65.00 | -0.96 -1.45% |
SUGAR #11 WORLD | 16.28 | 16.64 16.23 | -0.29 -1.75% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
Name | Last | Chg/%Chg |
---|
Name | Last | Chg/%Chg |
---|